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VSPN Has Raised $100m In Series B Funding Round

WRITTEN BY | 27 Oct 2020
VSPN Has Raised $100m In Series B Funding Round
LATER VENTURE

💵 Series B Funding

  • Shanghai-based esports company VSPN (Versus Programming Network) has raised approximately $100 million in Series B funding round, led by Tencent, with participation from Tiantu Capital, SIG (Susquehanna International Group), and Kuaishou

  • According to Dino Ying, CEO of VSPN, the funding will be used on creating an esports research institute, an esports culture park, and further expanding globally

💵 Previous Rounds

  • In 2018, the company received an undisclosed amount of funding from Tencent

  • In 2016, VSPN raised an undisclosed amount in a Series A funding round, led by Focus Media Network, China Jianteng Sports Industry Fund, Guangdian Capital, and Averest Capital

🎲  Product

  • Founded in 2016, VSPN specialing in esports content production and distribution, commercialization, and organization offline esports venues

  • Currently, VSPN is the principal tournament organizer and broadcaster for PUBG MOBILE international competitions, and China’s top competitions for Honor of Kings, PUBG, Peacekeeper Elite, CrossFire, FIFA, QQ Speed, and Clash Royale

  • Among other activities, VSPN is planning to focus on creating an esports short-form video ecosystem, stating that it’s an important part of their future strategy

 

SOURCES: TECHCRUNCH, SPORTSBUSINESSDAILY

VSPN
  • Established in 2016

  • Over 1,000 employees

  • Headquarters — Shanghai, China

  • Founded by Dino Ying, Ethan Teng, and Danny Tang

  • Esports content creator and events organizer